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Price Risk Management (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
PGE’s Assets and Liabilities from price risk management activities consist of the following (in millions):
September 30, 2024December 31, 2023
Current assets:
Commodity contracts:
Electricity$11 $13 
Natural gas9 9 
Total current derivative assets (1)
20 22 
Noncurrent assets:
Commodity contracts:
Electricity— 9 
Natural gas1 2 
Total noncurrent derivative assets (1)
1 11 
Total derivative assets (2)
$21 $33 
Current liabilities:
Commodity contracts:
Electricity$26 $51 
Natural gas88 113 
Total current derivative liabilities114 164 
Noncurrent liabilities:
Commodity contracts:
Electricity19 22 
Natural gas55 53 
Total noncurrent derivative liabilities74 75 
Total derivative liabilities (2)
$188 $239 
(1) Total current derivative assets are included in Other current assets, and Total noncurrent derivative assets are included in Other noncurrent assets on the condensed consolidated balance sheets.
(2) As of September 30, 2024 and December 31, 2023, no derivative assets or liabilities were designated as hedging instruments.
Schedule of Derivative Instruments [Table Text Block]
PGE’s net volumes related to its Assets and Liabilities from price risk management activities resulting from its derivative transactions, which are expected to deliver or settle at various dates through 2035, were as follows (in millions):
September 30, 2024December 31, 2023
Commodity contracts:
Electricity3 MWhs3 MWhs
Natural gas197 Decatherms213 Decatherms
Foreign currency$18 Canadian$20 Canadian
Derivatives Not Designated as Hedging Instruments [Table Text Block]
Net realized and unrealized losses (gains) on derivative transactions not designated as hedging instruments are classified in Revenues, net or Purchased power and fuel, as applicable, in the condensed consolidated statements of income and comprehensive income and were as follows (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
Commodity contracts:
Electricity$(19)$(85)$(49)$(32)
Natural Gas50 (33)70 164 
Net unrealized and certain net realized losses/(gains) presented in the table above are offset within the condensed consolidated statements of income and comprehensive income by the effects of regulatory accounting.
Schedule of Risk Derivatives [Table Text Block]
Assuming no changes in market prices and interest rates, the following table indicates the year in which the net unrealized loss/(gain) recorded as of September 30, 2024 related to PGE’s derivative activities would become realized as a result of the settlement of the underlying derivative instrument (in millions):
20242025202620272028ThereafterTotal
Commodity contracts:
Electricity$7 $17 $3 $1 $— $6 $34 
Natural gas17 75 38 3 — — 133 
Net unrealized loss/(gain)$24 $92 $41 $4 $— $6 $167